8:08 – Opening on the economy. HRC: Wants to invest in green technologies to create jobs. Bush’s rebate plan will leave 50-60 million people out. She did highlight that includes seniors on social security and their expenses have gone up more than their income. BO: Starts with quoting MLK. GWB has skewed our tax code […]
Bush is calling for $145 billion economic stimulus package. President Bush on Friday called for about $145 billion worth of tax relief and other incentives to stimulate a sagging economy and fend off a possible recession. He said a growth package must include tax incentives for business investment and “direct and rapid†tax relief for […]
It looks like special interest might put the breaks on an economic stimulus package. Also worth reading – Paul Krugman points out that the Republicans might block any packages unless Bush’s tax cuts are made permanent.
The Republicans have once again said “fuck middle America” and spent their time giving tax breaks to the rich: The Senate gave final approval Thursday to a $70 billion election-year package of tax cuts that will extend lower rates for investors and also save billions for families with above-average incomes. The Senate passed the measure […]
Something that really hasn’t been talked about today is an interesting report in the New York Times about the tax cuts that are making grounds through Congress. The entire article is well worth a read but here is the most interesting part I found in it: The top tenth of 1 percent, whose average income […]
Bloomberg has this interesting yet troubling piece of news regarding Bush’s new budget: Feb. 6 (Bloomberg) — Under President George W. Bush’s new budget, the federal deficit would decline gradually until 2010 and then start rising again, as the full impact of his requested permanent tax cuts and other proposals is felt. Bush’s budget for […]
Democrat Congressman John Dingle (MI-15) recited the following on the House floor yesterday. I thought it was so nice and humorous it needed to be shared further: Twas the week before Christmas and all through the House No bills were passed ‘bout which Fox News could grouse; Tax cuts for the wealthy were passed with […]